Republic, Lost_ How Money Corrupts Congress--And a Plan to Stop It - Lawrence Lessig [155]
3. William Dobbie and Roland G. Fryer, Jr., “Are High-Quality Schools Enough to Close the Achievement Gap? Evidence from a Bold Social Experiment in Harlem,” Harvard University (2009), available at link #64. See also David Brooks, “The Harlem Miracle,” New York Times, May 7, 2009, at A31, available at link #65.
4. Eric A. Hanushek, “Teacher Deselection,” in Creating a New Teaching Profession, Dan Goldhaber and Jane Hannaway, eds. (Washington, D.C.: Urban Institute Press, 2009), 168, 172, 173.
5. See Steven G. Rivkin, Eric A. Hanushek, and John F. Kain, “Teachers, Schools, and Academic Achievement,” Econometrica 73 (Mar. 2005): 417, available at link #66 (measuring the importance of effective teachers), and Scholastic and Bill & Melinda Gates Foundation, “Primary Sources: America’s Teachers on America’s Schools” (2010), available at link #67 (same); William Dobbie and Roland G. Fryer, Jr., “Are High-Quality Schools Enough to Close the Achievement Gap? Evidence from a Bold Social Experiment in Harlem” (2009), available at link #64 (evaluating effectiveness of Harlem Children’s Zone program); Joshua D. Angrist, Susan M. Dynarski, Thomas J. Kane, Parag A. Pathak, and Christopher R. Walters, “Who Benefits From KIPP?” NBER working paper (2010), available at link #68 (evaluating effectiveness of KIPP Academy); Martha Abele, Mac Iver, and Elizabeth Farley-Ripple, “The Baltimore KIPP Ujima Village Academy, 2002–2006: A Longitudinal Analysis of Student Outcomes,” Center for Social Organization of Schools, Johns Hopkins University (2007), available at link #69 (same).
6. See the resources at Ounce of Prevention, Publications, available at link #70.
7. Center for Responsive Politics, OpenSecrets.org, Teachers’ Unions: Long-Term Contribution Trends, available at link #71; Center for Responsive Politics, OpenSecrets.org, Democrats for Education Reform Expenditures, 2010 Cycle, available at link #72; Center for Responsive Politics, OpenSecrets.org, Democrats for Education Reform Expenditures, 2008 Cycle, available at link #73; Center for Responsive Politics, OpenSecrets.org, Democrats for Education Reform Expenditures, 2006 Cycle, available at link #74.
Chapter 7. Why Isn’t Our Financial System Safe?
1. My claim is not that the failures I describe in this chapter were the most important cause of the economic collapse, or even that properly handled, they would have avoided the economic collapse. Certainly the biggest drivers beyond the low interest rates were the trade imbalance and currency distortions with foreign trading partners. Jeffrey A. Frieden and Menzie D. Chinn, Lost Decades: The Making of America’s Debt Crisis and the Long Recovery (forthcoming: Sept. 2011). But the argument here is about the rationality of this part of our financial policy, however significant this part is.
2. David Moss, “Reversing the Null: Regulation, Deregulation, and the Power of Ideas,” Harvard Business School Working Paper, No. 10-080, Oct. 2010, 3, available at link #75. This graph was derived from Moss’s more extensive original with permission from the author.
3. David Moss, “An Ounce of Prevention: Financial Regulation, Moral Hazard, and the End of ‘Too Big to Fail,’ ” Harvard Magazine (Sept.–Oct. 2009): 25.
4. See Richard A. Posner, The Crisis of Capitalist Democracy (Cambridge, Mass.: Harvard University Press, 2010); and Richard A. Posner, A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression (Cambridge, Mass.: Harvard University Press, 2009).
5. Posner, The Crisis of Capitalist Democracy, 169.
6. These are described generally in David Moss, “An Ounce of Prevention,” 25. See also Jacob S. Hacker and Paul Pierson, Winner-Take-All Politics: How Washington Made the Rich Richer and Turned Its Back on the Middle Class (New York: Simon and Schuster, 2010), 68.
7. Financial Crisis Inquiry Commission, Financial Crisis Inquiry Report (2011), 45, available